News in brief: 3 December

- Ireland’s Pensions Authority has published instructions for trustees on how to make a notification of the appointment of key function holders as provided for under the Pensions Act, 1990, as amended (the Act).

Section 64AM of the Act requires trustees to notify the authority of outsourcing arrangements. From 1 December 2021, trustees must notify the authority when they enter an outsourcing arrangement for the provision of the internal audit and risk management key functions.

- Railpen, one of the largest pension funds in the UK, with c.£35bn AUM, has opted for FINBOURNE’s cloud, investment data management platform, LUSID, as its Investment Book of Record (IBOR).

The decision forms a significant pillar in Railpen’s data management strategy, as it continues to enrich its in-house operations, adding new and future-proof capabilities across the middle and back office. Using SaaS technology, the platform delivers a built-in ‘translation service’ that interprets complex formats and domain specific data, into the language employees need, across front, middle and back office workflows - breaking through the data silos experienced by much of the industry today.

- Sweden’s Alecta launches photography exhibition on life as a pensioners as part of its work to create an image of the elderly in Sweden that is more multifaceted and better in line with reality.

The exhibition titled, Older but not old’ will be revealed at Asecs shopping centre in Jönköping. The exhibition contains 22 portraits of Swedes who are just older but not old. The models include Barbro Westerholm, Amelia Adamo and Claes Elfsberg.

    Share Story:

Recent Stories

An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows